The Serbian investment conglomerate MK Group has broadened its operations by acquiring one of the largest edible oil producers in the region, previously known under the Dijamant brand. This strategic move enhances MK Group’s presence in the food and agribusiness sector, reinforcing its status as a diversified industrial and financial entity.
The acquisition follows an agreement for full ownership of the oil mill from a significant regional agrifood business. This integration is expected to enhance MK Group’s vertical integration strategy and boost its capabilities in edible oil production. In 2024, the facility reported revenues of approximately €165.7 million, which increased to around €175 million in the most recent reporting period. Refined and crude oils represented about 39 percent of total sales, while other segments such as margarine, mayonnaise, and oilseed meal contributed significantly to the revenue mix, highlighting the business’s diverse output and market reach within the Western Balkans.
MK Group’s portfolio extends beyond edible oils into various sectors. In agribusiness, it possesses substantial agricultural assets, including extensive cultivated land and critical production facilities for sugar, meat, cereals, fruits, and frozen goods. The group’s sugar subsidiary has established itself as one of the leading producers in Serbia and the surrounding region, making significant contributions to overall revenues and export volumes.
The financial services division of MK Group has also experienced rapid growth, with AIK Banka serving as a cornerstone following a series of acquisitions and integrations of regional banks. Besides traditional banking services, MK Group’s financial ecosystem encompasses leasing and brokerage operations, establishing it as a notable player in the Adriatic financial market.
Additionally, real estate and tourism play vital roles in MK Group’s diversified strategy. The company owns and operates a collection of premium hotels and resorts throughout Serbia and beyond, with flagship locations on Kopaonik mountain and in coastal areas. Collaborations with international luxury hotel brands and ongoing investments to enhance service quality reflect MK Group’s ambition to excel in the high-end hospitality market.
The recent acquisition of the oil mill complements MK Group’s extensive industrial footprint and aligns with its long-term vision of creating vertically integrated food and consumer goods value chains while maintaining strong positions across banking, tourism, and real estate sectors. The ownership structure is supported by investment entities based in Europe, led by one of the region’s prominent entrepreneurial families.
